Shares of Harris Co. (NYSE:HRS) have earned a consensus recommendation of “Buy” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $208.17.

Several equities research analysts recently weighed in on HRS shares. Argus lifted their price target on Harris to $200.00 and gave the company a “positive” rating in a research report on Wednesday, May 8th. Zacks Investment Research upgraded Harris from a “sell” rating to a “hold” rating and set a $201.00 price target on the stock in a research report on Tuesday, April 30th. ValuEngine upgraded Harris from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Raymond James lifted their price target on Harris from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Finally, Barclays lifted their price target on Harris from $205.00 to $245.00 and gave the company an “overweight” rating in a research report on Wednesday, May 29th.

The company has a quick ratio of 1.15, a current ratio of 1.42 and a debt-to-equity ratio of 0.95. The stock has a 50 day moving average of $191.84 and a 200 day moving average of $177.52. The stock has a market cap of $21.85 billion, a PE ratio of 28.46, a P/E/G ratio of 2.90 and a beta of 0.98. Harris has a 12 month low of $123.24 and a 12 month high of $200.77.

A number of institutional investors have recently bought and sold shares of the stock. West Oak Capital LLC grew its holdings in Harris by 39.2% during the second quarter. West Oak Capital LLC now owns 213 shares of the communications equipment provider’s stock valued at $40,000 after purchasing an additional 60 shares during the period. Meeder Asset Management Inc. bought a new stake in Harris during the second quarter valued at about $40,000. CSat Investment Advisory L.P. grew its holdings in Harris by 136.6% during the second quarter. CSat Investment Advisory L.P. now owns 220 shares of the communications equipment provider’s stock valued at $42,000 after purchasing an additional 127 shares during the period. Larson Financial Group LLC bought a new stake in Harris during the second quarter valued at about $43,000. Finally, Destination Wealth Management bought a new stake in Harris during the first quarter valued at about $52,000. Institutional investors own 96.71% of the company’s stock.

Harris Company Profile

Harris Corporation provides technology-based solutions that solve government and commercial customers' mission-critical challenges in the United States and internationally. The company operates in three segments: Communication Systems, Electronic Systems, and Space and Intelligence Systems. It designs, develops, and manufactures radio communications products and systems, including single channel ground and airborne radio systems, multiband manpack and handheld radios, multi-channel manpack and airborne radios, and single-channel airborne radios, as well as wideband rifleman team, ground, and high frequency manpack radios.

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Analyst Recommendations for Harris (NYSE:HRS)

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